The Organization for Economic Cooperation and Development (OECD) has upgraded Iran’s rating in the country risk classifications, moving it up one notch from 6 to 5.
Iran’s credit rating in the OECD was at 7the position, the lowest possible in OECD. Since 2016, with the efforts by the Organization for Investment Economic and Technical Assistance (OIETA) as well as the Central Bank, Foreign Ministry and Export Guarantee Fund of Iran, the country credit rating upgraded from 7th to 6th in 2017.
Since then, continued efforts and negotiations by the OETAI in cooperation with the above mentioned institutions in particular with the Iran’ s embassy in Austria, along with successes of Iran’s economic performance, the OECD upgraded Iran's rating from 6 to 5.
Improvement in Iran‘s credit rating would eventually lead to lower cost of financing of projects and improving investment environment in Iran.